Halliburton (NYSE:HAL) last traded at $28.94 after moving down -1.16% for the trading day. The company last released their quarterly earnings results on 01-25-15 for the period ended Dec-15. The company reported earnings of $0.31 against a Zack’s research estimate of $0.24. This represents a 29.17% surprise on the expected result. [Trend Analysis]
The current average broker recommendation for Halliburton, according to Zack’s research, is 1.57, based on 23 broker ratings. With 1 being a strong buy and 5 being a strong sell, this means that on a consensus basis, analysts currently see Halliburton as a buy. The 12 month target consensus price estimate among these analysts for Halliburton is currently at $43.95.
Out of the 23 broker recommendations for HAL, 16 recommend it as a strong buy, 2 as a buy, 4 as a hold 1 as a sell and 0 as a strong sell.
For the current quarter, the consensus analyst estimate for Halliburton (NYSE:HAL) is $0.13, with analysts expecting year on year growth for the company of -76.09%
About Halliburton (NYSE:HAL)
Halliburton is one of the world’s largest providers of products and services to the energy industry. The company serves the upstream oil and gas industry throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.